AMMO, Inc. - POWW STOCK NEWS

AMMO, Inc. (Nasdaq: POWW, POWWP) has announced that holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock will receive a cash dividend of $1.0148 per share. This dividend will be paid on December 15, 2021 for shareholders of record as of the close of business on November 30, 2021. The company continues to innovate in the ammunition industry and operates GunBroker.com, the largest online firearms marketplace.

AMMO, Inc. (Nasdaq: POWW, POWWP) reported a record net revenue of $61.0 million for Q2 fiscal 2022, a remarkable 408% increase year-over-year. The company achieved a diluted EPS of $0.11, up from a loss of $0.05, and an adjusted EPS of $0.17, compared to a loss of $0.01 last year. Gross profit margin improved to 43.0%, driven by significant gains in the Ammunition segment and the acquisition of GunBroker.com. The company raised its fiscal 2022 revenue outlook to $250 million and adjusted EBITDA to $80 million.

AMMO, Inc. (Nasdaq: POWW & POWWP) will announce its fiscal Q2 2022 financial results on November 15, 2021, after market close. The company, a key player in high-performance ammunition production and operator of GunBroker.com, will host a conference call for investors at 5:00 p.m. EDT on the same day. Interested participants can join by phone or via a webcast. AMMO aims to innovate within the munitions industry, producing various ammunition types, including patented STREAK™ Visual Ammunition. Investors are encouraged to join the call early and follow the operator's instructions.

AMMO, Inc. (Nasdaq: POWW, POWWP) has raised its Q2 revenue estimate from $51 million to approximately $55 million for the period ending September 30, 2021. This positive adjustment reflects strong transaction activity at its online marketplace, GunBroker.com, which shows robust growth compared to last year. The company's ammunition business is thriving due to high demand and increased manufacturing capacity, including a 15% rise in brass production. AMMO is on track to operationalize a new plant by Summer 2022, enhancing its production capabilities further.

AMMO, Inc. (NASDAQ: POWW & POWWP) announced a new contract with the Irregular Warfare Technical Support Directorate (IWTSD) to design and manufacture signature-on-target rounds (SoT) for U.S. military operations. The SoT ammunition enhances targeting capabilities by allowing visibility of impacted rounds without revealing the shooter's position, increasing survivability and lethality for operators. This contract highlights AMMO’s commitment to supporting critical military needs and advancing its development efforts within the defense sector.

AMMO, Inc. (Nasdaq: POWW, POWWP) announces a quarterly cash dividend of $0.241246528 per share for holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on September 15, 2021. Record date for eligibility is August 31, 2021. Founded in 2016, AMMO is a producer of high-performance ammunition and operates GunBroker.com, the largest online marketplace for firearms and related products. The company aims to innovate the munitions industry and promotes various specialized ammunition products.

AMMO, Inc. (Nasdaq: POWW, POWWP) reported record net revenues of $44.5 million for its first fiscal quarter of 2022, a 360% increase year-over-year, driven by strong ammunition sales and the acquisition of GunBroker.com. The company achieved a diluted EPS of $0.08, reversing a loss from the prior year, while adjusted EPS rose to $0.13. With a gross profit margin of 42.7%, net income reached $9.5 million. The company raised its fiscal 2022 revenue outlook to $210 million

and adjusted EBITDA guidance to $70 million.

Mill City Ventures III, Ltd. (OTCQB: MCVT) reported significant growth for Q2 2021, with interest income soaring by 144% to $675,549 compared to Q2 2020. Earnings from operations surged 515% to $425,393. Shareholder equity increased by 22% to $14.2M since December 2020. The company expanded its loan portfolio from $2.8M to $10.9M within six months. CEO Douglas M. Polinsky highlighted the opportunity for growth through financing buyers on gunbroker.com, a subsidiary of Ammo, Inc. (NASDAQ: POWW). The company is also pursuing other financing avenues.

AMMO, Inc. (Nasdaq: POWW, POWWP) has announced it will release its financial results for the fiscal first quarter of 2022, which ended June 30, 2021, on August 16, 2021, following the market's close. A conference call for investors is scheduled at 5:00 p.m. EDT on the same day. The company is known for its innovative solutions in ammunition manufacturing, focusing on law enforcement, military, and sport shooting sectors.